Tories Put Right To Buy At Heart Of Manifesto

Written By Unknown on Selasa, 14 April 2015 | 12.27

By Anushka Asthana, Political Correspondent

David Cameron will say he leads the "party of working people" as he unveils a Conservative policy to extend the Right-to-Buy scheme to a further 1.3 million families.

The promise will be one of two big housing announcements in the Tory manifesto as the Prime Minister launches his detailed election pledges in Wiltshire.

As well as extending the ability to purchase your home at a discount to housing association tenants, the party will promise a £1bn fund for building 400,000 new properties on brownfield sites.

Mr Cameron will say: "At the heart of this manifesto is a simple proposition. We are the party of working people, offering you security at every stage of your life."

He will talk about young people looking for training, people trying to find a decent job, to buy their own home, needing help with childcare or relying on the NHS.

Other Tory policy pledges will include:

:: Raising the personal allowance for tax to £12,500

:: Increasing the starting salary for the 40p rate to £50,000

:: Raising the inheritance tax threshold for family homes to £1m

:: An annual £8bn boost for NHS funding

Mr Cameron's claim that the Conservatives are the party for workers comes after Labour said it wanted to be seen as the fiscally responsible option for government.

Mr Miliband has sought to highlight a number of policies put forward by the Conservatives that are unfunded - saying every Labour manifesto pledge will be fully paid for.

A senior Conservative source told Sky News that his party was not worried by the Labour promise because it meant the opposition was choosing to talk about an area in which it was "weakest" in the eyes of the public.

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He claimed the Conservatives had a "track record" that meant its promises would be believed.

The Right-to-Buy allows people to buy their home at a discount but has so far been available only to those in council homes, with some housing association tenants accessing the weaker "right to acquire" and some having no rights.

Under the new plans they will all be able to apply for the main scheme which can lead to a discount of up to 70% depending on the length of the tenancy. The homes will have to be replaced.

A Tory Government would fund the Brownfield Regeneration Fund, and replacement of properties sold under the extended Right-to-Buy, by requiring local authorities to manage their housing assets more efficiently.

They would also have to sell off their most expensive properties and replace them in the same area with normal affordable housing as they fall vacant.

Ministers say this will lead to the sale and replacement of about 15,000 homes a year, or around four in every thousand social properties.

Mr Cameron will add: "Conservatives have dreamed of building a property-owning democracy for generations, and today I can tell you what this generation of Conservatives is going to do.

"The next Conservative Government will extend the Right-to-Buy to all housing association tenants in this country; 1.3 million extra families; a new generation given the security of a home of their own.

"So this generation of Conservatives can proudly say it: the dream of a property-owning democracy is alive - and we will fulfil it."

He will call on voters "not to waste the past five years".

Labour says the plans are unfunded, accusing the Tories of turning to the "magic money tree" to put forward its ideas.

Emma Reynolds, Labour's Shadow Housing Minister, said: "Having exhausted the magic money tree, the Tories now want people to believe that they can magic up billions of pounds a year from selling off a few council homes.

"Under David Cameron home ownership is at its lowest point for three decades - there are over 200,000 fewer home owners since 2010."

Ruth Davison, Director of Policy and External Affairs at the National Housing Federation said: "While extending Right to Buy will see some people being able to buy their own home with help from the taxpayer, these are people already living in good secure homes on some of the country's cheapest rents.

"It won't help the millions of people in private rented homes who are desperate to buy but have no hope of doing so, nor the three million adult children living with their parents because they can't afford to rent or buy."

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